Phosphate Conversion Coatings Market : Expectations & Growth Trends Highlighted Until 2028

May 14, 2023

Future Market Insights (FMI), Dubai: As per exhaustive research by FMI, the global phosphate conversion coatings market is poised to total US$ 1.86 Bn in 2022. Increasing adoption in the production of casing connections to enhance their sealing performance is fueling the demand for phosphate conversion coatings.

Phosphate conversion coatings transform the basis metal surface into a non-metallic crystalline surface. This enhances appearance, improves corrosion resistance, and promotes adhesion & lubrication. Hence, these coatings are extensively being used across the automotive industry to enhance auto components such as car frames, engine mounts, and wheels.

Consecutively, increasing demand for automotive vehicles across the countries such as the U.S., China, Germany, and India is projected to aid the growth of the market. On account of this, sales of phosphate conversion coatings are projected to reach a 4% CAGR, surpassing US$ 2.36 Bn over the forecast period between 2022 and 2028.

Growing demand for the treatment of aluminum, zinc, and steel for creating a thin adhering layer as a foundation to subsequent painting and coatings across the building and construction industry is further driving the growth in the market. This has assisted the market to exhibit 4% year-over-year growth in 2021.

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Based on product type, manganese phosphate conversion coatings are anticipated to emerge as the most preferred coating. As per FMI, the segment is poised to exhibit growth at 4.3% CAGR through 2028. Excellent oil retention and wear resistance properties for corrosion resistance and lubricity are factors facilitating the growth in the segment.

"Increasing research and development (R&D) activities for developing preventive measures to increase the life of the equipment using advance eco-friendly coating solutions across the chemical and oil & gas industries are favoring the growth in the market," says a FMI analyst.

Key Takeaways from Phosphate Conversion Coatings Market Study

Key Drivers

Key Restraints

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Competitive Landscape

Key manufacturers in the phosphate conversion coatings market are investing in strategic collaborations, mergers, and acquisitions to expand their production capacities. Also, some of the companies are focusing on developing and launching new phosphate conversion coatings to expand their product portfolio.

For instance,

Some of the key players operating in the market profiled by FMI are:

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More Valuable Insights on Phosphate Conversion Coatings Market

A new report published by FMI offers an in-depth analysis of the global phosphate conversion coatings market, uncovering vital dynamics accelerating the market growth over the assessment period. The survey also forecasts sales projections for the phosphate conversion coatings market with detailed segmentation:

By Product Type:

By Substrate:

By End-use Industry:

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Explore FMI's Extensive ongoing Coverage in the Chemicals & Materials Domain

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